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Advantages and disadvantages

Advantages of Liberia company registration

Liberia is a reputable, unsanctioned jurisdiction and is an ideal way to reserve international profits and legally minimize global tax. It is a well-respected African country whose registry managed by a USA entity:

Liberia is ranked as the 37th easiest country to do business by The World Bank;

Liberia is a compliant jurisdiction. It was the first African country to achieve Extractive Industries Transparency Initiative (EITI) compliance in 2008 as well as to include timber revenues to EITI. The United Nations also terminated its sanctions regarding traveling, asset freezing list, diamonds and timber;

European Union also repealed its sanctions in the past 10 years, related to funds frees, log and timber import, and diamond ban. Additionally, EU remains an active supporter of Liberian social and economic development as well as political dialog partner;

Liberia is popular jurisdiction for holding companies, non-resident corporations and real estate or commercial investments. The corporate register, administrated by LISCR, LLC is a privately owned corporation with regional offices worldwide that provides registered agent services for all non-resident companies. Therefore, no physical presence is required.

Liberia Government requirements for company registry is simple and straightforward. Therefore it is easy and fast for international investors to set up their business in this jurisdiction:

Under Liberia company incorporation act, Liberia Corporate Registration requires a minimum of one shareholder, one director and one secretary of any nationality, who can be a natural person or a body corporate;

There is no minimum shared capital requirements for Liberia company formation;

Liberia Government does not require annual corporate financial statements and tax returns;

Liberian government does not have mandatory filing requirements disclosing shareholders’, secretaries’ and directors’ details. Therefore, there is no public register;

Liberia company can be incorporated within a week without our Client traveling to this country. Liberia Corporate Register Incorporations have been used worldwide for over 50 years and is one of the oldest global offshore corporate service industry.

The Liberian Special Economic Zones provide an excellent location for foreign entrepreneurs willing to reap benefits in agriculture and trans-shipment, manufacturing, trading and related activities because:

Each SEZ has a “one-stop-shop” approach, providing the entrepreneurs with all necessary services such as i) issuance of necessary licenses; ii) approval of permits; and iii) registration of the company among other services;

Currently, Liberia has legislated the social-enterprise focused SEZ (SESEZ) endeavour to attract a greater number of foreign investors thereby promoting and supporting an inclusive private sector in the country. SESEZs provide the entrepreneurs with benefits such as i) provision of world-class infrastructural facilities; ii) accelerated customs clearance; and iii) various tax benefits.

Disadvantages of Liberia company registration

Total tax paid by Liberian full resident companies can be very high:

Corporate tax in Liberia can reach up to 47.8% if corporate structure is poorly planned. Liberia is ranked as the 118th easiest country for paying taxes by The World Bank Organization.

Doing business in Liberia in certain industries could be difficult for foreigners because:

Even though this jurisdiction is not blacklisted, Liberian economy is still cash-based. US$ are considered as a legal tender and Liberia can be perceived as a facilitator of the US$ currency laundering;

During the 2014-15 period, most of the industries in Liberia faced a significant reduction in its economic activities due to the outbreak of Ebola. Over 20% of Liberian firms were shut down during this period. Moreover, the nation is still recovering from the extensive socio-economic damage caused by this widespread disease.

Best uses for a Liberian company

Non resident entity: Liberia is a good place to form a non-resident entity, which can be used to trade products and services with African customers, free of any tax payable in Liberia;

Shipping company: Liberia is a great jurisdiction to register a shipping company or for trading by sea. The Liberian International Ship and Corporate Register, administrated by Liberian Corporate Registry is ranked as the world’s second largest merchant fleet by the International Maritime Organization (IMO). It has a very extensive Quality Ship Register approved by U.S., Paris and Tokyo marine control authorities. In addition to its regional offices in the major maritime centers of the world, the Liberian Registry is also supported by a worldwide network of more than 400 Nautical Inspectors and Auditors.

Company registration

Time to incorporate: One week

Cost to set up: US$11,280

Minimum capital: US$1

Physical office required: No

Required appointments

Shareholders: 1

Directors: 1

Company secretary: Yes

Resident director: No

Key facts

Corporate tax rate: 0%

Corporate tax base: Territorial

Shelf companies: Yes

Main company type: LBS

Tell us what you need - we’ll send you a customised proposal in 5 hours!

To help us engineer the optimum Liberia corporate structure, please complete the 3-minute questionnaire below; then press the submit button below.

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Within 5 hours, one of our senior staff will ring or email you:

Company purpose?

Will the LLC be a trading company or a holding company?Will the entity be a subsidiary of a foreign company?The LLC will be tax resident? Having local customers and local staff and local suppliers?The entity will receive investment income or professional services fees or sales from trading with multi-national customers?Is double taxation treaty access important?Do you need our help to legally minimize your international tax obligations?Do you need our help to increase e-commerce sales (click link)?

Company structure?

Will the shareholders be individuals or corporate?In what country do you require a corporate bank account? Refer to this web page (click link) for ideasDo you need multi-currency corporate visa debit cards?Do you need a resident director?Nationality of shareholders and directors?Expected annual sales and net profits?Does the entity need a special regulatory license or import or export license?Additional comments?

Tell us about your existing business?

Name of your existing company?Your business web site address?What products and services does your company supply?How many years are you operating this business?Is your Firm regulated by a Government agency?In what country are the majority of your customers?In what country are the majority of your suppliers?

Tell us about you?

Your name?Your email address?What country are you based in?Specifically, what deliverables (click link) do you need?What is your US$ budget for the services you need?What does quality customer service mean to you?

How do we contact you?

For now, do you prefer Healy Consultants PLC staff to phone you, or just email reply you with some corporate solutions?If a phone call, on what number can our senior Consultant call you?If an email, what email address can our Consultant email you at?What is your preferred date and time for a phone call?In what language do you prefer we communicate with you?What matters would you like to discuss during the call; the agenda?

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Contact us

Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”

Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”

“Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service.”